National Rent Control: White House Proposal Economic Analysis

The White House proposed a national rent control measure that would limit landlords abilities to raise rents and charge tenants late fees as well as evicting renters who are late in their payments. This rent control would include any property secured with a government backed loan as well as a provision that would make it harder for military living off base to get housing.

The idea of national rent control has never been enacted, usually left to the state and city level. Landlords tend to be overwhelmingly against these measures, and Brookings Institute reports that tenants ultimately pay higher rents in the long run because the measures lower the total number of rentals in a market and make it less affordable for landlords to provide new housing.

President Biden is not sure that this measure would pass the House and Senate and may be done as an executive order, but this may not be legal.

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